What Happened This Week In The Markets...and How To Profit From It Now!

Market volatility got you rattled? … Watching your portfolio shrink? … Discover a group of bold investors who are spotting gains hand over fist — no matter what this market throws at them!

If the last week of September was a preview for October… we can expect it to be the most volatile time of the year. But will it happen? … Plus, how to profit from it now! Watch now to learn how!

For today's Trade of the Day we will be looking at a Daily Price Chart with Keltner Channels for United Rentals, Inc. stock symbol: URI. The Hughes Optioneering Team uses the Keltner Channels as an indicator to determine whether a stock is overbought or oversold. If a stock's daily stock price is trading above the upper Keltner Channel, this signals that the stock is temporarily overbought and subject to a retracement. Even stocks that are in the strongest bull trends do not advance in a straight line. When a stock becomes overbought, it's price will typically decline soon after as the inevitable profit taking occurs. We can see this behavior exhibited several times in this URI chart. The Keltner Channel "Buy Zone" occurs when a stock is trading below the upper Keltner Channel. Once this happens, it provides a lower-risk buying opportunity as the stock is likely to rally. Our initial price target for URI stock is 395.00 per share.

At the start of the year I told people the way to play the vaccine was through the "Corona Lottery" which included MRNA. This stock has been up 268% this year. I also gave a target of 4500 on the S&P 500 by August which we hit. In fact I said to be long into August and the market was up 18% through August. I also said be short bonds and they're down 8% year to date. The biggest trade idea I've said recently is on SHAK, which was 85 and I said my downside target is 35, currently up 10% on that position as we go to press. I also like MRK stock and have bought into a new position around 80. I'll be using a 4301 pivot number today on the ES (S&P 500 futures). Tune into Ask the Pros at noon Eastern today and let's just keep it going. ~ TBUZ

I have a solid eye on FSLR (First Solar) with a target of $110 once it moves above resistance at $100. It's nicely above its 50 day moving average and has solid 4Q seasonal strength. Earnings report date is 10.28.21 with an average 75% beat rate and 1.35% move.

"…when I closed that call spread for the SPY, I made a profit of $3,000 on 90 contracts. Additionally, my Small trading account of $50,000 is up $7K today due to those pocket puts! I love riding this bear market with your trades… Thanks for everything!!!!!" — Laura, a premium subscriber to Tom Busby

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